Here are a few tips to help you score that first deal:Network: Join local real estate groups and online forums like BiggerPockets to connect with other investors.Find Motivated Sellers: Look for distressed properties and consider sending direct mail to homeowners facing tough situations.Research the Market: Know your area’s property values by analyzing comparable sales using sites like Zillow or Redfin.Craft Compelling Offers: Highlight the benefits of a quick sale to sellers and consider a solid earnest money deposit to show you’re serious.Market Yourself: Use social media to share your journey and post flyers in local spots to attract leads.Stay Persistent: Rejection is part of the process, so learn from it and keep refining your approach.With your big business mindset and hard work, you’ll make it happen!

Simplify as many standard processes such as online rent payment, leases, apartment turns, paint, and other materials, and re-key all locks to a master system.

Hey Kevin,Yeah this is a tough one. 

I’m completely new to fix and flip but I have been doing some research, I’ve been looking at distressed properties in my area for example one I’m looking at now the listing price is $359k Arv is $550k the contractor fee would be $33k without materials I’ve been looking at fix and flip loans saying they would finance 90% LTC and 100% rehab .

Updating the interior is costing me $63,000 for demo, installation, and materials.

Also, your wife simply would need to "materially participate".

InflationRising Costs: Inflation drives up the cost of materials, labor, and property maintenance, potentially shrinking profit margins.

It’s tough finding good help in the area.  

step 1 is buying a distressed property at a great price, which is really tough to do right now, and way harder than it was 5 or 10 years ago. 

Hey Ian, Tough to say without an official Loan estimate.